MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 48.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 814 shares of the company's stock after purchasing an additional 264 shares during the quarter. Banque Cantonale Vaudoise's holdings in MercadoLibre were worth $1,670,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its holdings in shares of MercadoLibre by 205,108.3% in the third quarter. International Assets Investment Management LLC now owns 248,302 shares of the company's stock worth $509,506,000 after purchasing an additional 248,181 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in MercadoLibre by 43.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company's stock worth $1,167,073,000 after acquiring an additional 232,787 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of MercadoLibre during the 2nd quarter worth approximately $2,913,000. Janus Henderson Group PLC boosted its position in shares of MercadoLibre by 55.8% during the 1st quarter. Janus Henderson Group PLC now owns 368,559 shares of the company's stock valued at $557,225,000 after acquiring an additional 132,028 shares during the last quarter. Finally, Capital World Investors boosted its position in shares of MercadoLibre by 12.7% during the 1st quarter. Capital World Investors now owns 845,749 shares of the company's stock valued at $1,278,738,000 after acquiring an additional 95,029 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MELI. Bank of America upped their price target on shares of MercadoLibre from $2,250.00 to $2,500.00 and gave the company a "buy" rating in a research note on Thursday, September 12th. Redburn Atlantic initiated coverage on shares of MercadoLibre in a research report on Friday, October 11th. They set a "buy" rating and a $2,800.00 target price on the stock. Cantor Fitzgerald dropped their price target on MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. StockNews.com downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research report on Saturday, August 10th. Finally, Wedbush reiterated an "outperform" rating and issued a $2,200.00 target price (up previously from $2,000.00) on shares of MercadoLibre in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and an average price target of $2,269.67.

MercadoLibre Price Performance

Shares of MELI stock opened at $1,931.26 on Thursday. The stock's 50-day moving average is $2,031.02 and its 200 day moving average is $1,851.83. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,161.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company has a market cap of $97.91 billion, a P/E ratio of 68.15, a PEG ratio of 1.31 and a beta of 1.61.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.